Tether Proposes to Launch Boron-backed Tokens to Turkey
Reading Time: < 1 minuteTether has suggested to the Turkish government the creation of tokens that represent borate minerals.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minuteThe finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
Standard Chartered: Bitcoin Will Reach $73K on US Election Day
Reading Time: < 1 minuteAccording to Standard Chartered Global Head of Digital Assets Research, Geoff Kendrick, Bitcoin’s all-time high of over $73,000 could be reached on Nov. 5, coinciding with the US presidential election.
Number of Bitcoin Whales Soars to 2021 Levels
Reading Time: < 1 minuteThe number of whales or network entities who hold at least 1,000 BTC has risen to 1,678 this week, marking the highest number since January 2021.
Denmark Intends to Tax Unrealized Crypto Gains
Reading Time: < 1 minuteThe Danish Tax Law Council has proposed a mark-to-market taxation method for cryptocurrency assets in a recent report. Their suggestion will soon be followed by a legislative proposal.
Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minuteThe individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
SEC Includes Crypto in its Examination Priorities for 2025
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has once again included cryptocurrency assets as part of its 2025 examination priorities.
Komainu to Acquire Custody Firm Propine
Reading Time: < 1 minuteKomainu, a company providing digital asset custody services, has set its sights on acquiring Propine Holdings, the parent company of local custody provider Propine Technologies, based in Singapore.
Tesla Did Not Get Rid of its Bitcoins
Reading Time: < 1 minuteAccording to blockchain analytics firm Arkham Intelligence, Tesla currently still holds its entire Bitcoin stash, valued at $780 million, despite recently transferring the funds to unidentified wallets on Oct. 15.
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minuteThe latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
Weekly Inflows into Crypto Products Reach $2.2B
Reading Time: < 1 minuteAsset management firms such as BlackRock, Bitwise, Grayscale, ProShares, and 21Shares experienced significant net inflows of $2.2 billion last week, the highest since July.
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minuteSince Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minuteThe team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
SEC Approves NYSE and Cboe Spot Bitcoin ETFs Listing
Reading Time: < 1 minuteThe Securities and Exchange Commission (SEC) has approved NYSE American LLC and Cboe Exchange, Inc. to list and trade options on various Bitcoin exchange-traded funds.
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minuteIn a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments
Reading Time: 2 minutesZug, Switzerland, 19th October 2024, Chainwire
Market Update October 18
Reading Time: < 1 minuteThe cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
Worldcoin Rebrands to World
Reading Time: < 1 minuteWorldcoin is undergoing a rebranding process and will now be known as World Network, or simply World.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minuteThe US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.
Stripe Plans to Purchase Stablecoin Platform Bridge
Reading Time: < 1 minuteStripe, a prominent payment processor, is reportedly in advanced negotiations to acquire the stablecoin money transfer company Bridge, backed by Sequoia.
Italy Plans to Raise Capital Gain Tax on Bitcoin
Reading Time: < 1 minuteItaly is set to significantly increase the capital gains tax on Bitcoin, jumping from 26% to 42%.
DoJ: Bitfinex Hacker Should Spend Five Years in Prison
Reading Time: < 1 minuteIlya “Dutch” Lichtenstein, who admitted to his involvement in the 2016 Bitfinex hack, is facing a five-year prison sentence as recommended by prosecutors.
Thailand Bank Launches a Stablecoin Service for International Payments
Reading Time: < 1 minuteThe Siam Commercial Bank (SCB), a leading Thai financial institution, has introduced stablecoin-based cross-border payment services for its clients.
Hackers Steal $50M from Radiant Capital
Reading Time: < 1 minuteRadiant Capital, a platform enabling borrowing and lending of cryptocurrency across blockchains, suffered a major cyberattack on Wednesday, losing over $50 million.
Paxos Rolls Out a New Stablecoin Payment Platform
Reading Time: < 1 minutePaxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.
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